In our previous blog Transforming healthcare with the Internet of Medical Things, we discussed the way healthcare IoT has increased connections between medical devices and other sensors to monitor patient conditions. The pressure is on traditional Life Science companies to deliver innovation that improves patient outcomes.
So how is IoT used in Life Sciences?
The Internet of Things (IoT) is a network of physical objects such as smart devices and sensors through which data is collected for analysis and action. IoT can be used in the entire value chain, from drug research and development, on production lines and in supply chains, and throughout sales and marketing and patient engagements. IoT helps Life Sciences companies in detecting errors, improving regulatory compliance, improving R&D effectiveness – all while cutting operating costs.
In 2018, the Life Sciences industry is embracing transformation initiatives at a faster pace across various areas including commercial, clinical, regulatory and quality. For sales teams, this means smart customer engagement and decision making when launching products that are more specialized. Streamlining end-to-end processes mean that products are developed faster while maintaining compliance, speeding up time to market.
So how can you leverage IoT at your company?
- – Use sensors to proactively monitor machine activity in the production process to reduce the risk of machine failure. This can also improve the reliability of the supply chain and increase effective production.
– Connected medical devices can be monitored with the goal of anticipating required maintenance and service of devices.
– The data from the sensors can be used to improve the design and overall quality of future models for the producer of your machines.
– Facial recognition on mobile devices can monitor patient medication intake during clinical trials.
– Wearable devices can measure a patient’s body qualities and this allows doctors to administer the right drugs and therapies according to the patient’s conditions.
Benefits of the IoT in Life Sciences
Here are a few benefits of IoT in the life sciences space:
- 1. Clinical trials take several years and are very costly. Finding the effectiveness of a drug through trials takes time and sometimes all the money invested could go to waste. Through multi-stage trials and constant monitoring, IoT can help these trials be more cost effective, regardless of the result, saving your organizations valuable time and money.
2. In research and development, IoT devices can play a crucial role. We have sacrificed many animals in the name of medical / drug testing. Organ on a chip has revolutionized drug development by monitoring the drugs effect without costing lives.
3. Equipment is now better prepared to diagnose diseases in early stages due to IoT. Constant monitoring by either patients themselves or medical practitioners allows us to prevent chronic diseases. Sensors are embedded in the equipment, which helps researchers and doctors see the progress of the medication administered.
4. User-friendly IoT devices mean that patients can easily use these devices without supervision from professionals. Simple wearable devices can save both patients and doctors time through remote monitoring and constant updates on changes in oxygen levels in the blood, body temperature, pulse, sugar levels and more.
Digital technologies offer the Life Sciences industry vast opportunities. Particularly, IoT enables reimagined business processes that allow you to remotely manage, control and track production, reducing errors and increasing productivity. All this is done in real time which helps with quality improvement, again saving valuable resources.
Eager to learn more about connecting your devices, allowing you to analyze previously-untapped data and integrate your systems? Click here to find out.